“PARTS” means all components, Engines, instruments, accessories, furnishings, and other
equipment of whatever nature. 

 “RENT COMMENCEMENT DATE” means the date rent initially starts on the Aircraft, as
identified in “Lease Payments,” Section 4. 

 “TOTAL LOSS” with respect to the Aircraft, Airframe or any
Engine shall mean any of the following events with respect to such property: 

  




|  |  |  |
| --- | --- | --- |
|   | (a) | an actual or constructive total loss of such property;  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | destruction or damage beyond repair, or rendition permanently unfit for normal use for any reason whatsoever;  |

  




|  |  |  |
| --- | --- | --- |
|   | (c) | hijacking or theft thereof or disappearance thereof for a period in excess of ninety (90) consecutive days;  |

  




|  |  |  |
| --- | --- | --- |
|   | (d) | the condemnation, confiscation, compulsory acquisition, seizure, requisition of title or taking of title to the Aircraft or Airframe or any Engine by any governmental entity; or
 |

  




|  |  |  |
| --- | --- | --- |
|   | (e) | the deprivation, requisition or taking for use of the Aircraft or Airframe or any Engine by any Governmental Entity or instrumentality or agency thereof for a period greater than
ninety (90) consecutive days.  |

 A Total Loss with respect to the Aircraft shall be deemed to have occurred if a Total
Loss has occurred with respect to the Airframe.